Glossary
Last updated 20 March 2026
The following acronyms and initialisms are used throughout this site:
| AASB | Australian Accounting Standards Board |
| AFAANZ | Accounting and Finance Association of Australia and New Zealand |
| AFIs | Anticipated financial impacts of climate-related risks and opportunities reasonably expected by an entity |
| AOSSG | Asian-Oceanian Standard-Setters’ Group |
| APESB | Accounting Professional & Ethical Standards Board (Australia) |
| ARG | Audit Technical Reference Group (technical reference group for audit and assurance matters) |
| ASAF | Accounting Standards Advisory Forum |
| ASF | Accounting Standards Framework |
| ASIC | Australian Securities and Investments Commission |
| AUASB | Australian Auditing and Assurance Standards Board |
| CA ANZ | Chartered Accountants Australia and New Zealand |
| CAG | Consultant Advisory Group (IPSASB) |
| CE Act | Crown Entities Act 2004 |
| CF | Conceptual Framework |
| CP | Consultation Paper (IPSASB) |
| CRD | Climate-related Disclosures |
| CRE | Climate Reporting Entity(ies) |
| CSR | Corporate Social Responsibility |
| DIA | Department of Internal Affairs |
| ED | Exposure Draft |
| EG | Explanatory Guide |
| FMA | Financial Markets Authority |
| FMCA | Financial Markets Conduct Act 2013 |
| FMC Reporting Entity | A term defined in section 451 of the Financial Markets Conduct Act 2013 |
| FRA or FR Act | Financial Reporting Act 2013 |
| FRC | Australian Financial Reporting Council |
| FRC | Financial Reporting Council (UK) |
| FRS | Financial Reporting Standards – Domestic NZ financial reporting standards |
| GAAP | Generally Accepted Accounting Practice |
| GHG | Greenhouse Gas |
| GPF | Global Preparers Forum (IASB advisory body) |
| GPFR | General Purpose Financial Report |
| GRI | Global Reporting Initiative (sustainability reporting standards) |
| IAASB | International Auditing and Assurance Standards Board |
| IAS | International Accounting Standard |
| IAPN | International Auditing Practice Note |
|
IASB
|
International Accounting Standards Board |
| IESBA | International Ethics Standards Board for Accountants |
| IFAC | International Federation of Accountants |
| IFASS | International Forum of Accounting Standard Setters |
| IFRIC |
Interpretations issued by the IFRS Interpretations Committee |
| IFRS |
International Financial Reporting Standards |
| IFRS for SMEs | International Financial Reporting Standard for Small and Medium-sized Entities |
| INFINZ | Institute of Finance Professionals New Zealand Inc. |
| IPSAS | International Public Sector Accounting Standard |
| IPSASB | International Public Sector Accounting Standards Board |
| ISRS (NZ) | International Standard on Related Services (New Zealand) |
| IR | Integrated Reporting |
| ISA | International Standards on Auditing |
| ISA (NZ) | New Zealand equivalent to an International Standard on Auditing |
| ISA (NZ) for LCE | International Standard on Auditing (New Zealand) for Audits of Financial Statements of Less Complex Entities |
| ISAE (NZ) | International Standard on Assurance engagements (New Zealand) |
| ISRE (NZ) | International Standards on Review Engagements (New Zealand) |
| ISSA (NZ) | International Standard on Sustainability Assurance (New Zealand) |
| ISSB | International Sustainability Standards Board |
| ITC | Invitation to Comment |
| IVS | International Valuation Standards |
| IVSC | International Valuation Standards Council |
| LCE | Less Complex Entity(ies) |
| MBIE | Ministry of Business, Innovation and Employment |
| MOU | Memorandum of Understanding |
| NFP | Not-for-profit |
| NZ AS | New Zealand Auditing Standard – Domestic NZ auditing standard |
| NZASB | New Zealand Accounting Standards Board |
| NZAuASB | New Zealand Auditing and Assurance Standards Board |
| NZ CS | Aotearoa New Zealand Climate Standards |
|
NZ IAS
|
New Zealand equivalent to an International Accounting Standard |
| NZ IFRIC | New Zealand equivalent to an IFRS Interpretations Committee Interpretation |
| NZ IFRS |
|
| NZ SIC | New Zealand equivalent to a Standards Interpretation Committee Interpretation |
| NZ SRE | New Zealand standard on review engagements – Domestic NZ review engagement standard |
| OAG | Office of the Auditor-General |
| PBE | Public Benefit Entity |
| PBE FRS | Public Benefit Entity Standard based on a Financial Reporting Standard |
| PBE IAS | Public Benefit Entity Standard based on an International Accounting Standard |
| PBE IFRS | Public Benefit Entity Standard based on an International Financial Reporting Standard |
| PBE IPSAS | Public Benefit Entity Standard based on an International Public Sector Accounting Standard |
| PBE Standards | Public Benefit Entity Standards |
| PES | Professional and Ethical Standard |
| PIE | Public Interest Entity |
| PIR | Post Implementation Review |
| RDR | Reduced Disclosure Regime |
| REAP | Rural Education Activity Programme |
| RFP | Request for Proposal |
| RFV | Request for Views |
| SAE | Standard on Assurance Engagements |
| SPI | Service Performance Reporting |
| SME(s) | Small and medium sized entity(ies) |
| SPFR | Special Purpose Financial Report |
| SPR | Service Performance Reporting |
| SRB | Sustainability Reporting Board |
| SRS | Sustainability Reporting Standard |
| SSP | Statement of Service Performance |
| TRG | Technical Reference Group (NZASB) |
| XBRL | Extensive Business Reporting Language |
| XRAP | External Reporting Advisory Panel |
| XRB | External Reporting Board |